Cappasity Launches CAPP Innovation Fund to Reward AR/VR Developers

Cappasity, a Santa Clara based tech start-up with designs on revolutionizing the AR/VR market, launched their cloud platform last year. Since then, the company has been empowering its clients, ranging from online retailers and luxury fashion brands (including Claris Virot and Jazmin Chebar) to educational institutions, to effortlessly capture, edit, and embed 3D content into their websites, mobile apps, and VR/AR applications. Cappasity’s software, Easy 3D Scan, has been developed and is constantly being upgraded to be compatible with virtually any device, meaning that users have the ability to capture high-quality 3D views using standard photography equipment or even their own smartphones. In this manner, Cappasity is currently breaking down one of the key obstacles in the way of mainstream AR/VR adoption — the relative expense and difficulty associated with creating top-quality 3D content on a large scale. At this point in time, the Cappasity platform serves more than one million views of 3D content each month. Cappasity are now working on the next phase: the expansion of their current platform into a scalable ecosystem for easy 3D content creation, delivery all over the globe, and complete copyright protection.

Through Cappasity’s ecosystem, digital artists, photographers and ordinary users will have the ability to create bespoke 3D assets and sell them directly to retailers, games developers, and other buyers, all via the ERC-20 CAPP token — the exclusive payment vehicle within the ecosystem (now available on exchanges such as KuCoin). The CAPP tokens are also Cappasity’s digital asset, with their main utility being the creation of a digital license for the content stored on the Cappasity platform or partners’ platforms. The tokens enable the system to encode copyrights on the content to store them in the blockchain. In addition, Cappasity will provide users with an API to validate copyrights or retrieve data of a particular piece of content.Thus, the ecosystem participants are guaranteed that their copyrights are fully protected.

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